A Guide to a Career Choice - Public Accountant or a Financial Manager

A Guide to Career Choice

TABLE OF CONTENTS

Abstract...............................................................................................

Introduction..............................................................................................

Purpose.......................................................................................................

Definition....................................................................................................

Sources of Data...................................................................................................................

Public Accounting............................................................................................................... Functions....................................................................................................

Working Conditions............................................................................................................

Job Outlook..........................................................................................................

Financial Management....................................................................................

Functions......................................................................................................

Working Conditions..................................................................................

Job Outlook..........................................................................................................

ABSTRACT

The report you are about to read contains information on a subject that has helped many of the most successful people in the world climb to the top of their fields, as a Public Accountant or a Financial Manager. Today, it is more important than ever to have credible contacts with good ideas and knowledgeable information in the professional and social arenas of everyday life. Here in the twenty-first century, we have instant access to these people, which in the past could have taken a lifetime to find. This report focuses primarily on the new resources available to everyone, websites through which countless numbers of people everywhere are connecting socially, romantically, and professionally.

The report will cover several topics related to accounting and financial management. It will also give a brief description about what accountants and financial managers actually are. Examples of each will be presented, along with descriptions of their intended use, earnings, and accountabilities. The following topic will report on the business aspects of public accountants/accountants and financial management which are currently on the top list of future career choices. Next, the report will examine in detail the issues surrounding these topics of social interaction, and any dangers that lie beneath the surface of these attractive career choices. The report will end with a conclusion that summarizes these main topics, along with providing important take-away points from the information contained in the report.

Introduction

Accounting is the most principle method involved to identify, record, and communicate the economic events of an organization. Accountants prepare and examine the financial reports that provide current and recent information for businesses, government agencies, and other organizations. Whereas, financial management plans for the future of a person or business enterprise to ensure a positive cash flow. Which include the administration and maintenance of financial assets. Besides, financial management covers the process of managing and identifying risks.

Public Accounting

In public accounting, accountants work for themselves or for an accounting firm. Public accountants perform audits by inspecting the client's internal operations, records, documents, and company employees. A complete and precise evaluation of the client's company financial standing is done. Helping management in decision making and preparing tax returns are additional tasks the accountants perform. Certified public accountants hold a certificate by

passing an exam prepared by the American Institute of Certified Public Accountants. The salary for public accountants ranges from $38,600-62,400. Certified public accountants earn about 10 percent more than those short of a certificate.

* Accounting

1. Assume you are working for a company that is considering opening a business in another country. Analyze possible accounting problems the company might come across, and offer possible solutions for overcoming these problems.

2. Your company's managers have been thinking about purchasing software that will help it track revenue transactions involving payouts to several parties. Find out what kind of software is available, develop criteria for evaluating the options you find, and offer your managers recommendations. In other words, is it worth it to purchase this type of software at all? If so, which is the best choice?

3. Analyze the effects recent federal tax laws will have on either businesses or the general population. What will be the advantages and/or disadvantages of these laws? What recommendations can you offer to your chosen audience to take advantage of these changes? Or, what must your audience do to avoid being negatively affected by these changes? (Salvatore N. Safina)

4. Consider how you might help students like you to choose between a career in public versus private accounting. Develop specific criteria to analyze each choice (e.g., salary, prospects for promotion, average workday, time spent on the job, etc.). Offer recommendations based upon what you anticipate various members of your audience might be looking for in a career.

5. Your company has decided to revise this year's annual corporate report to shareholders. Choose two or